2589 Waterfront CirSarasotaFL34240
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Sarasota at 2589 Waterfront Cir, Sarasota, FL, 34240 generates $4,650/mo in rent, after a $5,525/mo payment. Total monthly income is $4,650/mo. Return on cash invested sits at 11.05% in year one, and rental yield is 4.94% on a $1,128,900 entry. Equity gained on principal adds $7,285/yr, while 5% annual appreciation builds toward $311,894 over five years. Five-year ROI reaches 55.83% and total cumulative return in cash sums $204,201. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,650/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34240, Sarasota, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,318 (100%) |
| Owner Occupied HU | 6,981 (56.7%) |
| Renter Occupied HU | 2,400 (19.5%) |
| Vacant Housing Units | 2,937 (23.8%) |
| Median Home Value | $758,190 |
| Average Home Value | $813,548 |
Housing Distribution
Address Breakdown
Residential
8,863
Single Family
6,961
Multi-Family
1,902
Businesses
1,239
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